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Lagos water concession and prepaid meters will deepen hardship, CAPPA warns

CAPPA has warned that concessioning Lagos's water and expanding prepaid meters could deepen hardship and cut off low-income residents, and it demanded the MoU's publication.
Business

Outrage grows over airport safety concerns as unions picket Air Peace

The picketing of Air Peace by aviation unions has drawn outrage over airport safety and security, after it stranded thousands and cost over N2 billion.
News

CBN Raises N7.85tn in OMO Bills Auction in November

CBN sold N7.85 trillion in OMO bills in November, drawing banks and foreign investors as it works to drain excess system liquidity.
News

CBN Orders Banks to Remove Misleading Adverts

The CBN has directed banks to remove misleading bank adverts, warning that deceptive promotional content threatens consumer trust and financial-market stability.
Business

FG Threatens to Blacklist Banks Over N200 Billion USSD Debt

KEY POINTS FG will blacklist 18 banks on the principal of N200 billion USSD...
Business

Senate Increases Windfall Tax on Banks to 70%

Nigerian Senate raises windfall tax on banks' foreign exchange gains to 70%, targeting redistribution of government-driven profits.
News

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.
Business

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...
News

Nigerian Banks in Ghana Work to Resolve FX Trading Ban

Nigerian banks operating in Ghana are working with the Bank of Ghana (BoG) to...
News

Nigerian Banks Attract Record Deposits Amid Naira Crisis

Nigeria's major banks have seen a surge in customer deposits in the first nine...
News

CBN Mandates BVN, NIN Linking, Anticipates Customer Rush

CBN’s new BVN/NIN policy expected to cause a surge in bank and NIMC office visits across Nigeria.

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News

Lagos water concession and prepaid meters will deepen hardship, CAPPA warns

CAPPA has warned that concessioning Lagos's water and expanding prepaid meters could deepen hardship and cut off low-income residents, and it demanded the MoU's publication.
Business

Outrage grows over airport safety concerns as unions picket Air Peace

The picketing of Air Peace by aviation unions has drawn outrage over airport safety and security, after it stranded thousands and cost over N2 billion.
News

Gumi defends public funding of marriages in Shariah states

Islamic cleric Sheikh Ahmad Gumi has defended using public funds to support marriages in Nigeria's Shariah states, calling the practice a legitimate part of governance.
News

Nigeria’s refineries will soon bounce back, Tinubu says

President Tinubu says Nigeria's refineries will soon bounce back, while complaining that CNG benefits flow to truck owners rather than commuters, as NUPENG raised concerns.